Recently, Bitcoin and Ethereum spot markets have been experiencing continuous net outflows, with prices currently consolidating at high levels. What will the future trend be?
Currently in a technical consolidation phase, BTC (112,000-115,500 USD) and ETH (3,400-3,700 USD) are consolidating at key support levels with decreasing volume, and volatility has dropped to a low point, leading to a strong wait-and-see sentiment in the market.
There are divergent views on spot ETF funding, with BTC experiencing a net outflow of 800 million USD in a single day (institutions taking profits), while ETH ETF saw an inflow of 73 million USD against the trend (some institutions are bottom-fishing).
For now, BTC at 113,000 / ETH at 3,524 USD forms strong support, with short-term (1-2 weeks) downward risks > upward potential. If BTC falls below 113,000 or ETH dips below 3,524 USD, it may trigger technical sell-offs (ETH may test 3,067 USD).
Operational advice is to trade within a range (BTC buy low at 110,000 to 112,000 / sell high at 115,500; ETH buy low at 3,370 / sell high at 3,570). #ETH巨鲸增持